Impact of US Crisis on Indian Banks

University of Delhi, Delhi School of Economics, Department of Commerce, Students

Date Written: October 1, 2015

Abstract

The US crisis were a consequence of sub-prime mortgages, real estate bubble, complicated financial instruments and reckless, less prudent regulatory practices. The crisis caused a great financial turmoil in the entire world and caused bankruptcy of big financial institutions like Lehman Brothers and several others were bailed out. The crisis had some effect on Indian economy as well. It affected several sectors like exports, foreign inflow, stock market, current account deficit and caused unemployment. Though India was well guarded when compared with the rest of the western world in terms of its less exposure to sub- prime mortgages, but the paper intends to determine and prove empirically that Indian banks were not completely unaffected by US crisis by gauging its asset Quality in pre-crisis, crisis and post-crisis period.

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